CONSOLIDATED RESULTS BY QUARTER

Board Of Directors

Top row: Jacynthe Côté, Sophie Brochu, David Bahan, Geneviève Bich, Geneviève Biron

Second row: Sarin Boivin-Picard, Geneviève Brouillette, Anne-Marie Croteau, Hanane Dagdougui, Marco Dodier

Third row: Luc Doyon, Dominique Fagnoule, Hélène V. Gagnon, Marie-Josée Morency, Claude Séguin

Bottom row: Paul Stinis, Claude Tessier

Jacynthe Côté

Chair of the Board of Directors, Hydro-Québec

Appointment: November 7, 2018

Term: May 14, 2023

Status: Independent director

Place of residence: Montérégie

Jacynthe Côté holds a bachelor’s degree in chemistry from Université Laval. She spent most of her career at Alcan, where she held a series of management positions in areas including human resources, health and safety, business planning and development, production and environment, in both Québec and England. After Alcan was acquired by Rio Tinto, she headed the Rio Tinto Alcan Primary Metal group for a few years. From 2009 to 2014, she was the multinational’s President and Chief Executive Officer. Ms. Côté serves on the boards of Banque Royale du Canada, Transcontinental and Finning International. She also chairs the boards of Alloprof and the Fondation CHU Sainte-Justine. She was awarded honorary doctorates by Université du Québec à Chicoutimi and Université de Montréal (HEC Montréal).

Sophie Brochu

President and CEO, Hydro-Québec

Appointment: April 2, 2020

Term: April 11, 2023

Status: Non-Independent director

Place of residence: Estrie

Sophie Brochu holds a bachelor’s degree in economics from Université Laval and has over 30 years of experience in the energy sector. She began her career in 1987 as a financial analyst with the Société québécoise d’initiatives pétrolières, a government corporation responsible for developing Québec’s natural gas network. She joined Énergir (formerly Gaz Métro) as Vice President of Business Development in 1997 and subsequently went on to head other departments, including those in charge of gas supplies, sales and customer services. In 2007, she was named Énergir’s President and Chief Executive Officer, a position she held until the end of 2019. Ms. Brochu is a keen supporter of social causes and has been active for many years with Centraide of Greater Montreal. She also co-founded ruelle de l’avenir, an organization that encourages students in the Centre-Sud and Hochelaga neighborhoods of Montréal to stay in school. She chairs the board of Fondation Forces AVENIR, which supports activities designed to and celebrate community involvement by high school, college and university students. She also serves on the board of Banque de Montréal and the Québec government’s Committee on the Economy and the Energy Transition. She has received honorary doctorates from Université de Montréal (HEC Montréal) and Bishop’s University and is both a Member of the Order of Canada and an Officer of the Ordre national du Québec.

David Bahan

Deputy Minister, Ministère de l’Économie, de l’Innovation et de l’Énergie

Appointment: December 14, 2022

Term: June 1, 2026

Status: Non-independent director

Place of residence: Chaudière-Appalaches

After earning a master’s degree in economics from Université de Montréal, David Bahan began his career as an economist at the Institut de la statistique du Québec in 2000. He later joined the Ministère des Finances, where he held various positions over the years, including Managing Director of Policies for Individuals and Managing Director of Economic Policies. From 2013 to 2016, he was Assistant Deputy Minister for Business Fiscal Policies, Economic Development and Public Corporations. He was Deputy Minister of Economy and Innovation from 2018 to 2022 before being appointed Deputy Minister of Economy, Innovation and Energy.

Geneviève Bich

Vice-President, Human Resources, Metro Inc.

Appointment: September 9, 2015

Term: February 19, 2024

Status: Independent director

Place of residence: Montréal

Geneviève Bich holds a Bachelor of Arts with a major in psychology from McGill University and a law degree from Université de Montréal. She is a member of the Barreau du Québec and the Ordre des conseillers en ressources humaines agréés du Québec. From 1991 to 2008, she held various management positions at Bell Canada, including Vice-President, Human Resources and Labour Relations. Before joining Metro in 2013 as Vice President of Human Resources, Ms. Bich worked for Groupe Dynamite and Aimia.

Geneviève Biron

Founder and President, Propulia Capital

Appointment: March 31, 2021

Term: March 31, 2025

Status: Independent director

Place of residence: Montréal

Geneviève Biron holds a bachelor of science degree in human resources and finance from HEC Montréal and received her Certified Director accreditation from the Institute of Corporate Directors. She worked in medical diagnostic services for nearly 30 years at Biron Health Group Inc., where she was in charge of human resources, the medical analysis laboratory and all business divisions. In 2005, Ms. Biron founded Imagix – Medical Imaging, a division of Biron Health Group Inc., and served as its President and Chief Executive Officer until her appointment as President and Chief Executive Officer of Biron Health Group Inc. in 2014. Since July 2021, as founder and President of Propulia Capital, she has played an active role in the development of growth-stage companies. Propulia Capital supports companies that have business models focusing on digital platforms and that aim to make people’s lives easier by fostering a strong, caring culture.

Sarin Boivin-Picard

Venture Partner, NextGen Venture Partners

Appointment: June 1, 2022

Term: June 1, 2026

Status: Independent director

Place of residence: Chaudière-Appalaches

Sarin Boivin-Picard holds a bachelor’s degree in business administration from HEC Montréal, a master’s degree in corporate finance from IE Business School (Spain) and “Administrateur de la relève” [young director’s] certification from the Collège des administrateurs des sociétés of Université Laval. He also holds a public leadership certificate from the John F. Kennedy School of Government at Harvard University ( Massachusetts), and professional certification in sustainable investment from Concordia University. He recently completed the Institute for Governance of Private and Public Organizations’ Young Directors program. Mr. Boivin-Picard began his career in 2017 as a structured products analyst at the Banque Nationale du Canada while simultaneously serving as a reserve officer in the Canadian Armed Forces. He joined the Lucie and André Chagnon Foundation as an investment analyst in 2018 and then taught business administration as a lecturer at Université de Moncton. He also worked as a product manager for Altitude-sports.com before joining NextGen Venture Partners, a venture capital firm.

Geneviève Brouillette

Chief Financial Officer, ALDO Group

Appointment: July 12, 2017

Term: September 4, 2023

Status: Independent director Place of residence: Montréal

With a Bachelor of Commerce from McGill University and a bachelor’s degree in accounting from Université du Québec à Montréal, Geneviève Brouillette is a member of the Ordre des comptables professionnels agréés du Québec, of which she was made a Fellow (FCPA) in February 2021, and is certified by the Institute of Corporate Directors. Ms. Brouillette is an experienced leader who has held key finance and senior management positions in both Canada and the United States with such renowned companies as Keurig Dr Pepper, Groupe St-Hubert, Reader’s Digest and Kraft Heinz. She joined Groupe ALDO in January 2019 as Chief Financial Officer. She also sits on the Previan Board of Directors, where she chairs the Audit Committee.

Anne-Marie Croteau

Dean, John Molson School of Business Concordia University

Appointment: July 6, 2016

Term: August 19, 2024

Status: Independent director Place of residence: Montréal

Anne-Marie Croteau holds a bachelor’s degree in actuarial mathematics from Concordia University, a bachelor’s degree in business administration and a master’s in management from HEC Montréal, and a Ph.D. in administration from Université Laval. She is Dean of the John Molson School of Business at Concordia University and a full professor of business technology management. Certified by the Collège des administrateurs de sociétés, she is Vice Chair of the board of Collège André-Grasset and has served on the boards of Finance Montréal and the Société de l’assurance automobile du Québec. She is a member of the Conseil des parrains et marraines of the Jeune Chambre de commerce de Montréal, as well as a member of the Board of the AACSB International network, an accreditation body for business schools.

Hanane Dagdougui

Associate Professor, Department of Mathematics and Industrial Engineering, Polytechnique Montréal

Appointment: February 19, 2020

Term: February 19, 2024

Status: Independent director

Place of residence: Montréal

Hanane Dagdougui holds a bachelor’s degree in engineering physics and a master’s degree in energetics and automation from Cadi Ayyad University in Marrakech, Morocco, as well as a PhD in high-risk activities engineering from the École nationale supérieure des mines de Paris and a PhD in energy systems engineering from the École Polytechnique at the University of Genoa. Ms. Dagdougui began her teaching and research career at the latter institution’s Faculty of Engineering in 2011. Prior to being appointed assistant professor in the department of mathematical and industrial engineering at Polytechnique Montréal in 2017, she spent three years as an institutional postdoctoral researcher in the electrical engineering department of Montréal’s École de technologie supérieure. She has published numerous papers on the energy industry, most of which explore the links between operations research, artificial intelligence and the various actors in the power system and power grid stakeholders. She is a member of the Réseau québécois sur l’énergie intelligente (RQEI) Scientific Committee and the Energy Modelling Hub’s Advisory Committee.

Marco Dodier Consultant in private practice

Appointment: July 12, 2021

Term: July 12, 2025

Status: Independent director

Place of residence: Estrie

Marco Dodier received a bachelor’s degree in industrial engineering from Université du Québec à Trois-Rivières in 1998. After co-founding Cesart in 1996, he held the positions of Executive Vice President and President, growing the company into one of the largest and most well-known web development and consulting firms before it was acquired by Bell Canada in 2005. From 2006 to 2015, as President of Gesca Digital Investments, he was in charge of developing the company’s digital assets through acquisitions or equity stakes. In addition, Mr. Dodier held several executive positions within the Power Corporation group from 2009 to 2015, including President of Cyberpresse, President of w.illi.am/ and co-President of Duproprio.com. In 2015, he became President and Chief Executive Officer of DuProprio, before selling the company to Desjardins in 2021. He is currently an independent consultant.

Luc Doyon Corporate director

Appointment: September 4, 2019

Term: September 4, 2023

Status: Independent director

Place of residence: Montréal

Luc Doyon holds a bachelor’s degree in mechanical engineering from Polytechnique Montréal and a graduate diploma in welding engineering from the École supérieure du soudage et de ses applications in Paris. He has also taken part in the Executive Education program at INSEAD (Institut européen d’administration des affaires) [European Institute of Business Administration] in Fontainebleau, France. He spent his career with the French industrial group Air Liquide, where he worked from 1983 to 2017. He started out as an engineer at Air Liquide Canada and became a manager in 1988. In particular, he served as Vice-President, Merchant Gases at Air Liquide America in Houston, and President and Chief Executive Officer of Air Liquide Canada in Montréal. In 2012, he was appointed President and Chief Executive Officer of the welding division of Groupe Air Liquide in Paris, and in 2017 he left the company. He is also a corporate director of Chemtrade Logistics.

Dominique Fagnoule

Independent director

Appointment: August 19, 2020

Term: August 19, 2024

Status: Independent director

Place of residence: Marseille

Dominique Fagnoule has a civil engineering degree in electricity, with a specialization in electronics, from Université de Liège in Belgium. He was Chief Information Officer and a member of the executive committee of BNP Paribas Personal Finance from 2009 to 2013. Prior to that, he held various positions at FORTIS in the Netherlands and Belgium, including General Manager – Retail Banking Information Systems (personal banking). Mr. Fagnoule has also held a number of senior-level positions in major financial institutions, including Générale de Banque in Belgium. In 2013, he joined Banque Nationale, where he was Executive Vice-President – Information Technology and a member of the Office of the President before being named Executive Advisor in 2020.Since retiring in April 2022, he has continued to work as a private consultant.

Hélène V. Gagnon

Chief Sustainability Officer and Senior Vice President, Stakeholder Engagement, CAE Inc.

Appointment: April 22, 2015

Term: September 4, 2023

Status: Independent director

Place of residence: Montréal

A graduate of McGill University in both civil law and common law, Hélène V. Gagnon also has a master’s degree in public administration and public policy from the London School of Economics. She is a member of the Barreau du Québec and a Fellow of the Canadian Public Relations Society. Ms. Gagnon joined CAE in 2015 as Senior Vice President, Public Affairs, Global Communications and Corporate Social Responsibility after holding similar positions at Bombardier Aerospace, Bombardier Transportation and Noranda. Since 2022, she has been Chief Sustainability Officer and Senior Vice President, Stakeholder Engagement at CAE. She serves as Vice Chair of the board of Aéroports de Montréal and sits on the boards of Aerospace Industries Association of Canada and Aéro Montréal, Greater Montréal’s aerospace cluster. In addition, she is Vice-Chair of the Board of Directors of the Canadian American Business Council. In 2022, the Globe and Mail ’s “Report on Business” included her in its list of Canada’s Top 50 CEOs.

Marie-Josée Morency

Executive Vice-President and General Manager, Chambre de commerce et d’industrie du Grand Lévis

Appointment: July 6, 2016

Term: August 19, 2024

Status: Independent director

Place of residence: Capitale-Nationale

After completing a bachelor’s in communications at Université Laval, Marie-Josée Morency began her career as an entrepreneur. She worked in communications in the Saguenay region for Cystic Fibrosis Québec, the Association provinciale des constructeurs d’habitations du Québec and Promotion Saguenay. From 2010 to 2017, she was Executive Director, Chambre de commerce et d’industrie Saguenay- Le Fjord, and served on the boards of numerous economic development corporations. From 2017 to 2018, she worked for Raymond Chabot Grant Thornton as Director of Business

Development at their subsidiary Operio. Since 2019, she has been Executive Vice-President and General Manager of the Chambre de commerce et d’industrie du Grand Lévis. Ms. Morency is also Vice President of the Board of Directors of Société Alzheimer de Québec and Chair of its Governance Committee. She is a member of the Board and Human Resources Committee of the Fédération des chambres de commerce du Québec as well as of the Board and Governance and Human Resources Committee of Pôle Québec logistique. Finally, she is also a member of the Conseil régional des partenaires du marché du travail de la Chaudière Appalaches.

Claude Séguin

Chairman of the Board, Fonds de solidarité des travailleurs du Québec (FTQ)

Appointment: August 19, 2020

Term: August 19, 2024

Status: Independent director

Place of residence: Montréal

With a bachelor’s degree in business administration from HEC Montréal and both a master’s and a PhD in public administration from Syracuse University in New York State, Claude Séguin began his career in the public sector, holding management positions at the Secrétariat du Conseil du trésor before being appointed Assistant Deputy Minister of Finance in 1983 and Deputy Minister in 1987. In 1992 he struck out into the private sector as Téléglobe Inc.’s Executive Vice President, Finance and Chief Financial Officer. He then served as President of CDP Capital—Private Equity at the Caisse de dépôt et placement du Québec, and subsequently joined Groupe CGI, where he was Senior Vice President, Corporate Development and Strategic Investments from 2003 to 2016 and Special Advisor to the Chairman from 2016 to 2018. He has been Chair of the Board of the FTQ Fonds de solidarité since 2018.

Paul Stinis Corporate director

Appointment: April 22, 2015

Term: August 19, 2024

Status: Independent director

Place of residence: Montréal

With a bachelor’s in mining engineering from McGill University and an MBA from Concordia University, Paul Stinis began his career as an engineer in the oil and gas industry. He has held various management positions at two major banks and was Vice-President, Finance and Treasurer at Bell Canada International. In 2003, he joined the BCE/Bell Canada group as Vice-President and Assistant Treasurer, then served as Senior Vice-President and Treasurer from 2009 to 2018. Among other duties, he was in charge of all operations related to treasury and capital markets, including risk management, insurance, pension funds, pension plans, group benefits and investor relations. From 2015 to 2018, he headed Bimcor, the pension fund investment manager for the BCE/Bell Canada group. At the start of 2021, he joined the advisory committee that manages the investment strategy for the McGill University Pension Plan.

Claude Tessier Chief Financial Officer, Alimentation Couche-Tard Inc.

Appointment: June 1, 2022

Term: June 1, 2026

Status: Independent director

Place of residence: Laval

Claude Tessier holds a bachelor’s degree in accounting from Université du Québec à Montréal. He is a member (CPA) of the Ordre des comptables professionnels agréés du Québec and has over 30 years of experience in the financial sector. He joined PricewaterhouseCoopers (formerly Coopers & Lybrand) in 1986 as a senior auditor and then worked as an accounting consultant at Mallette International. Since 1991, Mr. Tessier has held several senior management positions, including vicepresident, chief financial officer and president, with such major companies as Costco Canada, Provigo and Sobeys. Since 2016, he has been Chief Financial Officer at Alimentation CoucheTard Inc. Mr. Tessier has been a member of the Board of Directors of TMX Group Limited since September 2020. He sits on the Group’s Derivatives Committee and chairs its Finance and Audit Committee. In addition, since 2016 he has served on the board of Maison de la Sérénité in Laval, which provides free specialized palliative care. His activities there include taking part in the organization’s annual fundraising campaign.

Directors’ compensation and benefits in 2022

1. Receives no compensation as a member of the Board of Directors.

2. Receives an additional amount as Chair of the Human Resources Committee.

3. Appointed on June 1, 2022.

4. Receives an additional amount as Chair of the Audit Committee.

5. Receives an additional amount as Chair of the Governance and Social Responsibility Committee.

6. Term ended June 1, 2022.

7. Resigned on November 28, 2022.

8. These amounts include compensation for a prior period.